The Block
Quick Take NFT Trader has suffered a hack on “old smart contracts,” letting at least one hacker make off with high-value NFTs worth millions of dollars, including several Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs. NFT Trader has warned users to revoke access to two compromised smart contracts as the main hacker demands ransom payments for the stolen NFTs.
Quick Take Arbitrum stopped processing transactions for around 1.5 hours on Friday due to a surge in inscriptions.
Bitcoin has pulled back below the $42,000 level, causing almost $16 million in long liquidations.Conversely, major stock indices continued to post gains two days after the Fed’s latest rate pause.
Osmosis recorded a significant uptick in trading volume over the past month on the network.The price of OSMO, the native token of the Osmosis network, has rallied by over 100% during the period.
Bloomberg Intelligence ETF Research Analyst James Seyffart breaks down what to expect from the pending spot bitcoin and ethereum ETF applications in the months ahead.
Quick Take Bloomberg Intelligence ETF research analyst James Seyffart explained why spot bitcoin ETF approvals are likely in January but ether is a “completely different animal” in an interview on The Scoop podcast. Seyffart also discussed why the SEC doesn’t want to play “kingmaker,” the impact of Grayscale’s legal win over the agency and the potential timeline between approval and launch. Seyffart estimated spot bitcoin ETFs could see hundreds of millions of dollars of inflows on their first day, and bil
Quick Take Namada, a multi-chain privacy Layer 1, introduced an incentivized testnet offering 3% of its total supply as rewards. The testnet includes an “asteroid mining race” where participants accumulate ROIDs to win part of 30 million NAM tokens.
Quick Take The Solana Saga phone has sold out in the US after traders saw upside in buying the phones. Each Saga comes with 30 million bonk tokens — worth more than the phone at its current price.
Quick Take Former Galaxy head Michael Moro was hired six months ago to spearhead Ankex. The exchange has now been shut down amid trouble at Qredo, its parent company.
Quick Take The DeFi protocol filed for bankruptcy to a Utah court on Thursday.
